In the past twelve months, prices of Alexandria homes in zip code 22308 (including condos, townhomes and detached properties) have been on a little bit of a roller coaster ride, although we saw an almost 8.5% decrease in October from a year ago, with a median sales price of $550,000 compared to $590,000 in November 2011. The median sales price year to date peaked in February, at $610,000.

ALEXANDRIA 22308 REAL ESTATE REPORT SUMMARY

The total sales volume of homes sold in October 2012 was up 78.98% from last month, the median sales price was down 3.93% over the previous month and was down almost 8.5% over one year ago/

While Average days on market was up from September 2012, it was down more than 48% from November 2011, again signaling there are motivated buyers in the marketplace, but a lack of suitable inventory.

Further, the Average Sold to List Price Ratio was 93.4%, which was down 3.27% from the month prior and down .69% from November 2011.

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